April 13 2013
Tagged Under : Wedding Costs, Wedding Planning, Weddings
Getting married is one of the most exciting moments and events in your life but the best weddings do not come without a price tag. Paying for your wedding is one of the first financial hurdles for you to cross together and is also one of the first instances where you really get to see how you work together as a team.
Though it may be traditional for parents to contribute a large portion of the cost of the wedding, in reality this is becoming less of an option simply because of the sheer cost of a modern wedding. The parents of the bride have traditionally been looked to for meeting the largest part of the bill however, not everyone is in a position where mom and dad can actually do this.
Saving for a wedding is actually far more common for modern weddings than at any time previously, and it is now common for the bride and groom to be paying for most of the day and not their parents, though mom and dad are still an important source of finance and help.
The sooner you both start saving the better and not only for paying for your wedding but establishing good financial habits after you are married. It is also very important that you set a realistic budget and do your best to remain within it; a word of warning, deciding on the limitations of your wedding is one of the areas where most people experience conflict and arguments and a spirit of compromise is equally important for you both to have an enjoyable day.
Many couples find themselves going in to debt in order to pay for their wedding, however if at all avoidable, don’t go down this road. Many couples have already been together for a number of years prior to getting engaged or married and so have already started accumulating mutual property such as a home, furniture and so on, but for many couples this is also a time when they are just starting out in life together and being saddled with debt is not a way to start married life.
The “Big Day” represents a huge emotional and financial investment by all concerned, but particularly the bride and groom. Unfortunately, life being what it is there are no guarantees that everything will pass off without a glitch but careful planning and preparation can deal with minor mishaps; it is the big glitches that create real issues.
It pays to take out wedding insurance to cover the cost of your wedding not going ahead because of illness or other impediment; tales of the bride or groom getting released from hospital just in time to hobble down the aisle after an accident are rife and in many cases, weddings just don’t go ahead at all as planned. The costs have already been incurred and if you are going to look to postpone your wedding for any reason, a lot of the costs you have committed to are going to be duplicated unless you have cover in place to bail you out.